What changed in HF 741
The bill as introduced, compared with the version both chambers passed (88th General Assembly).
It passed exactly as introduced.
Removed AddedIntroduced textText as passedAmendments
Section 1. Section 76.1, subsection 2, paragraph b, Code 2019, is amended to read as follows:
6 unchanged passages
b. General obligation bonds issued for any of the following purposes may mature and be retired in a period not exceeding thirty years from date of issue:
(1) Purposes specified in section 331.441, subsection 2, paragraph “b”, subparagraphs (18) and (19), or.
(2) Purposes specified in section 384.24, subsection 3, paragraphs “w” and “x”, and bonds.
(3) Purposes specified in section 384.24, subsection 3, paragraph “i”, if the bonds are issued in conjunction with a project approved by the flood mitigation board under chapter 418 and if the estimated useful life of the project, independently determined by a licensed professional engineer, is at least two hundred percent of the maturity and retirement period for the bonds.
(4) Bonds issued to refund or refinance bonds issued for those the purposes, may mature and be retired in a period not exceeding thirty years from date of issue specified in subparagraph (1), (2), or (3).
Sec.
2. APPLICABILITY. This Act applies to bonds issued before, on, or after the effective date of this Act.